Biotechnology

Promoting EU - India collaboration in Biotechnology

Main facts:

Opportunities for EU-India collaboration in biotechnology are multifold.
In 2008-2009 Indian Biotech industry registered a 18% growth, yet again with record revenues. All major sectors - BioPharma, Bioagriculture, Bioinformatics, Bioindustrial, and Bioservices - continue their double-digit growth.
Out of the above 5 broad categories the first 3 are the most important in terms of turnover contribution.
- The BioPharma industry, with more than 40% of the total 325 biotechnology companies, offers a wide scope for business and technology transfer.
- The Bioagriculture sector is vital for India to meet the increasing food demands of its growing population, with limited arable land and depleting water resources.
- Bioinformatics and Bioservices, with a well-developed R&D capability, are ideal for outsourcing.